Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 2,260.2 | 1,884.3 | 164.4 |
Revenue growth | 20.0% | 1046.1% | |
Cost of goods sold | 716.7 | 584.4 | 54.7 |
Gross profit | 1,543.5 | 1,299.9 | 109.7 |
Gross margin | 68.3% | 69.0% | 66.7% |
Sales and marketing | 455.4 | 376.9 | 55.2 |
Research and development | 177.9 | 110.5 | 28.6 |
General and administrative | 184.2 | 95.7 | 14.6 |
EBIT | 725.9 | 716.9 | 11.3 |
EBIT margin | 32.1% | 38.0% | 6.9% |
Pre-tax income | 768.3 | 714.3 | 11.1 |
Income taxes | 193.4 | 146.7 | 3.3 |
Tax rate | 25.2% | 20.5% | 29.4% |
Net income | 0.0 | 0.0 | 0.0 |
Net margin | 0.0% | 0.0% | 0.0% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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